When talking about low-labor costs, cheap materials and mass-production, many people immediately correlate the thought with outsourcing work to areas in the Far East, and for the most part China. However, in today’s shifting landscape, some of the most cost-efficient aspects of outsourcing to those areas are now presenting unforeseen challenges. Workers are demanding higher wages, intellectual property has been compromised, and transit times and rising fuel costs have created a burden in arranging business logistics.
With these changes among others, Source One has recognized distinct advantages in working with suppliers in Mexico and other closer to home countries. We call this practice Nearshoring. Learn more about the potential of Nearshoring for businesses in this exclusive Source One infographic: